Brightcove Announces Financial Results for Second Quarter 2013

Brightcove Inc. (BCOV), a leading global provider of cloud content services, today announced financial results for the quarter ended June 30, 2013.

“Brightcove delivered strong second quarter results highlighted by revenue and profitability that exceeded the high end of our guidance,” said David Mendels, Chief Executive Officer of Brightcove. “We are seeing strong demand across a wide variety of industries as our customers embrace the use of digital content as a way to drive deeper levels of engagement with their customers. During the quarter we delivered exciting new technology to the market that enhances our market leadership position and strengthens our ability to penetrate the multi-billion dollar online video platform market.”

Facebook, Inc. (NASDAQ: FB) today reported financial results for the second quarter, which ended June 30, 2013.

"We've made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile," said Mark Zuckerberg, Facebook founder and CEO. "The work we've done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future."

MeetMe Expects Second Quarter Revenue of Approximately $9.0 Million

Strong acceptance of mobile advertising products, high user engagement, and stability of online traffic and revenue drive topline improvement
New quarterly record expected for mobile revenue, up approximately 30% sequentially and 90% year over year

MeetMe, Inc. (NYSE MKT: MEET), the public market leader for social discovery, today announced that it is now expecting second quarter revenue of approximately $9.0 million, up approximately 15% on a sequential basis. The company previously indicated that it expected revenues to be flat on a sequential basis. 

Yahoo! to Acquire Tumblr

Promises not to screw it up

Yahoo! Inc. (NASDAQ: YHOO) and Tumblr announced today that they have reached a definitive agreement for Yahoo! to acquire Tumblr.

Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO. The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.

With more than 300 million monthly unique visitors and 120,000 signups every day, Tumblr is one of the fastest-growing media networks in the world. Tumblr sees 900 posts per second (!) and 24 billion minutes spent on site each month. On mobile, more than half of Tumblr’s users are using the mobile app and do an average of 7 sessions per day.